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Investments (Tables)
12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments by Major Security Type
The following tables summarize the Company’s investments by major security type (in millions):

December 31, 2023
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Total
Estimated
Fair Value
Short-term investments
Debt securities:
Corporate debt securities$1,490 $$(3)$1,491 
Commercial paper366 — — 366 
Government bonds332 — 333 
Certificates of deposit172 — — 172 
Mortgage-backed and asset-backed securities
148 (4)145 
Total debt securities2,508 (7)2,507 
Time deposits690 — — 690 
Total short-term investments
$3,198 $$(7)$3,197 
Long-term investments (1)
Debt securities:
Corporate debt securities$13 $— $(9)$
December 31, 2024
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Total
Estimated
Fair Value
Short-term investments
Debt securities:
Corporate debt securities
$2,176 $$(3)$2,177 
Mortgage-backed and asset-backed securities
381 (4)378 
Government bonds
224 — — 224 
Commercial paper
214 — — 214 
Certificates of deposit
52 — — 52 
Total debt securities3,047 (7)3,045 
Time deposits702 — — 702 
Total short-term investments
$3,749 $$(7)$3,747 
Long-term investments (1)
Debt securities:
Corporate debt securities$13 $— $(9)$

(1)Classified within other assets, noncurrent on the consolidated balance sheets.
Schedule of Contractual Maturities of the Available-for-Sale Debt Securities
The following table summarizes the contractual maturities of the Company’s available-for-sale debt securities (in millions):
December 31, 2024
Amortized
Cost
Estimated
Fair Value
Due within one year$1,790 $1,792 
Due after one year through five years1,172 1,162 
Due after five years98 95 
Total$3,060 $3,049